Sensex, Nifty End Near Six-Month Low; Post Third Straight Weekly Loss

Indian equity markets ended off the lowest point of the day but with significant losses, posting their third straight weekly decline.

The S&P BSE Sensex Index fell 2.32 percent to end at 37,576, its lowest level since September 19, 2019. For the week, the benchmark index was down 1.88 percent.

The NSE Nifty 50 index too ended off the day's low but with losses of 2.57 percent at 10,979. This was its lowest level since September 19, 2019. The index was down 1.92 percent this week.

All sectoral indices ended with losses for the day. Nifty I.T. and Nifty Pharma were the only two indices that managed to register gains for the week.

Market breadth remained in favour of the declines. 1,287 stocks ended with declines while 301 stocks closed with gains.

11.2 lakh shares of the company exchanged hands in a large trade on the National Stock Exchange as per Bloomberg data. Buyers and sellers in the trade were not immediately known.

The stock trades at Rs 1,271 per share, down 3 percent. It has traded with losses for 12 out of the last 14 trading sessions. It has lost 15 percent during this period.

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